Steiner NYC has regained full control of a 750-unit luxury residential tower in downtown Brooklyn after buying back the majority interest from J.P. Morgan Asset Management. Its purchase comes as a study found the rental price per square foot in Brooklyn has hit a new high.
Steiner buys back majority stake in Brooklyn residential tower
Deal comes as area rents hit new high
By Andria Cheng
CoStar News
March 14, 2025 | 3:32 P.M.
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IN THIS ARTICLE
- Properties
- The Hub
333 Schermerhorn St, Brooklyn, NY
- Companies
- J.P. Morgan Asset Management
Finance and Insurance
- Steiner Equities Group, LLC
Real Estate